Global Antacids Market Size, Share & Trends Analysis Report By Type (Tablet, Liquid, Others), By End-use (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America) - Forecast (2024-2032). The report offers the value (in USD Billion) for the above segments.

Market Overview:

The Global Antacids Market size was valued at around 6.89 Billion in 2023 and is expected to reach a value of USD 9.31 Billion by 2032, at a CAGR of 3.5% over the forecast period (2024–2032).

The growing number of patients suffering from gastrointestinal disorders such as acid reflux, heartburn, and GERD has made the global market for antacids an essential constituent of the broader gastrointestinal therapeutics segment. The reason behind taking these OTC or prescription drugs is to neutralize gastric acid and thus alleviate the symptoms associated with excessive acidity in the stomach. These products contain magnesium, aluminium salts of calcium and sodium bicarbonate compounds and are available in the forms of tablets, liquid suspensions, and powder.

One of the major factors driving the demand for these antacids is an apparently increasing global incidence of digestive disorders. Poor diet, with fast food, spicy foods, excessive consumption of fatty foods, alcohol, and caffeine drinks, leads to gastric problems. Increased levels of stress related to the increasingly demanding lifestyles, sedentary lifestyle, and lack of physical activity also accelerate digestive problems, pushing consumers toward the usage of antacids.

Perhaps the most obvious characteristic fuelling the expansion of this market is increased access to OTC products. This convenience allows for the management of symptoms without needing a doctor's prescription that lead naturally to self-medication. Perhaps most relevantly, enhanced awareness through advertising and promotion by pharmaceutical companies educated the public in regard to the ease and rapidity with which symptoms are alleviated through use of antacids, boosting growth in the market.

Rapid relief and convenient treatment options for consumers mean that antacid formulations too have evolved. In addition to tablets and liquids, chewable tablets, dissolvable powders, and flavoured antacid products have become popular, making the treatments accessible to a more extensive population and consequently to children and younger consumers.

The market for antacids is susceptible to competition from other forms of acid-reducing therapy. Prescription drugs, such as PPIs and H2-receptor antagonists, are prescribed for chronic acid-related disorders, which may place a ceiling on the long-term growth of antacids, especially if a patient is going to have to switch therapies to a higher level of therapy. The potential for overuse of antacids and side effects such as constipation, diarrhoea, and renal disease with prolonged use of some preparations could have an effect on the dynamics within this market.

The global antacids market, however, continues to have high growth prospects, as the world's aging population is increasingly susceptible to gastric issues. Digestive issues are commonly a problem in aged populations owing to changes in the gastrointestinal system with age. The increased availability of e-commerce nowadays has also made antacids more accessible to consumers, especially those places where brick-and-mortar pharmacies may not have the stock available, thereby improving distribution and availability.

Market Dynamics - Market Drivers

Increasing Prevalence of Gastrointestinal Disorders

• Gastrointestinal disorders mainly drive the global market for antacids, as it is significantly rising. A variety of lifestyle and dietary factors are contributing to an increase in issues such as acid reflux, heartburn, and gastroesophageal reflux disease (GERD). Poor diet often includes excessive intake of processed, spicy, and fat rich foods, which significantly increases the production of stomach acid, leading to discomfort within the digestive system. Moreover, drinking alcohol and beverages containing caffeine worsens the conditions, and thus symptoms are encountered more frequently requiring management using antacids. The lifestyles of the modern world are also characterized by increased stress levels associated with digestive problems where the functioning of the gut is affected by stress, which further increases gastric acidity.

Market Opportunities

Innovations in Product Formulations and Delivery Methods

• The market of antacids offers plenty of scope for expansion with more novel formulations and the method of delivery. The need for more effective, convenient, and palatable means antacids has increased in proportion to the changing preference of the consumers. So manufacturers are crafting new formulations by combining new compounds with the traditional ingredients of antacids for offering multi-symptom relief. For instance, an effervescent tablet, a dissolvable powder, and flavoured chewable improve the acceptability of antacids, but really do address diverse consumer preferences, especially among younger populations and children.
• Advances in technology are now allowing for the creation of new delivery methods that may further improve the absorption and efficacy of antacid products. As an example, formulation of novel excipients can enhance the bioavailability of active ingredients, leading to quicker relief of symptoms and higher customer satisfaction. Apart from this, increasing the digital health platforms and telehealth services will allow firms to interact directly with consumers while providing them with personalized recommendations and education on the appropriate use of antacids and gastrointestinal health.
• Growing uses of natural and organic products also allow companies to explore herbal and plant-based formulation for their antacids, as health-conscious consumers increasingly seek such products. This opportunity will assist firms in staying unique in an ever competitive market and positioning them strategically as leaders in the gastrointestinal therapeutic space. As the focus on personalized medicine and holistic health continues to grow, the market for antacids can capitalize on these trends as it seeks to address emerging consumer needs for more sustainable growth in the next few years.

Market Restraining Factors

Competition from Alternative Acid-Reducing Therapies

• The market for antacids, despite its growth rate, is still facing the major restraint in the form of alternative therapies that reduce acid. Prescription medications, particularly PPIs and H2-receptor antagonists, have proven to be a good solution for the chronic acid-related conditions and have outlasted the relief of OTC antacids. These medications are suggested for patients with severe symptoms or for those who have persistent symptoms; hence, their demand among patients may be slowed down. Alternative options will make some consumers decide not to settle for antacids as they may not be effective enough to achieve the specified requirements in them.
• Furthermore, the increased consciousness of health practitioners regarding the adverse effects and late-aftermath complications that are associated with the excessive use of antacids will make the health professionals less likely to prescribe the products to patients. The side effect concerned by the health-conscious group such as constipation, diarrhoea, and even possible kidney disorder further lowers the attractiveness of antacids. As health care practitioners increasingly argue for personalized treatment plans and increase the use of prescription medications for chronic conditions, the antacids market may struggle to maintain growth.
• Such competition calls for antacid manufacturing to innovate and differentiate within its products so as not to lose market shares. Many companies may have to spend money on research and development in terms of changing formulations, safety, and educating the consumer on the proper use of antacids. This lack of development can lead to a lull or downward spiral in the antacids market as consumers opt for other therapy options for more manageable gastrointestinal problems.

Segmentation Analysis

The market scope is segmented because of by Type, by End-use, by Application.

By Type

Based on the Type of the market is segmented into Tablet, Liquid, Others.

The market is segmented into pill, liquid, and other categories based on type. The tablet segment dominated the market in the year 2022. Chewable pills are offered in a number of flavours and have a long shelf life. They can also offer to patients the exact dosage that they require, which becomes helpful when it comes to medication adherence. The abovementioned factors have contributed to the segment's growth during the forecast period. A few of the most popular brands of chewable pills consist of TUMS, produced by the Haleon Group of Companies, Alka-Seltzer, produced by Bayer AG, and Rolaids, produced by Sarnoff Consumer Healthcare.

Creation and approval of several new tablets that reduce the acid of stomach; this will speed up the market growth further. In August 2022, for instance, patients suffering from blood cancer experienced less acid reflux due to a newly developed formulation of a pill which was licensed by AstraZeneca. As the cancer diagnosis is increasing yearly, it is expected that the requirement for intervention among the patient would increase the growth of the market further.

The liquid sector is expected to grow at an impressive CAGR throughout the forecast period. Market growth is likely to be aided by major players providing liquid antacids, like Dabur, GSK plc. and Pfizer Inc. The liquid dose form is also one of the most popular among young and elderly populations due to its irresistible flavour. It is also expected that this will trigger market expansion.

By End-use

Based on the End-use of the market is segmented into Hospital Pharmacy, Retail Pharmacy, Online Pharmacy.

The market is segmented into hospital, retail, and online pharmacies based on the end-user. In 2022, the retail pharmacy segment accounted for 41.5% of the total revenue. This is attributed to convenience, accessibility, and close vicinities offered by local drugstores. In 2022, Apollo Pharmacy will be one of the largest pharmacy chains in India with more than 4,200 locations across the nation.

Online pharmacies are likely to grow at the fastest pace of 4.8% CAGR over the course of the forecast period due to advantages such as speedy home delivery, greater product availability, lower prices, and discounts. In the US, the key online pharmacies are Sesame, Amazon Pharmacy, CVS, Pill Pack, Blink Health, and GeniusRx.

Regional Snapshots

By region, Insights into the markets in North America, Europe, Asia-Pacific, Latin America and MEA are provided by the study. Among all the above-mentioned regions, North America has been the market leader in antacids historically. The region can be explained by high healthcare expenditure, high penetration of over-the-counter products, and a well-established pharmaceutical industry. In addition, higher consumer awareness and growing self-medication practices in this region enhance the market's strength. Major pharmaceutical firms and wide distribution networks support North America's market and facilitate entry to a broad variety of antacid formulations.

On the other hand, the Asia-Pacific region is likely to be the fastest-growing market for antacids in the coming years. Other factors like rising disposable incomes and changing dietary habits and increasing urbanization are contributing to the growing prevalence of gastrointestinal disorders in this region. As population in China and India are getting ever more health-conscious and demand quick remedy from digestive ailments, the demand for antacids is expected to increase substantially. Moreover, expansion of retail pharmacy chains and e-commerce platforms in Asia-Pacific increase accessibility of antacid products, and allow easy self-medication for consumers. The combination of these factors makes Asia-Pacific a growth hub for the global antacids market.

List of Companies Profiled

• GlaxoSmithKline plc
• Bayer AG
• Boehringer Ingelheim International GmbH
• Reddy’s Laboratories Ltd.
• Sanofi
• Reckitt Benckiser Group plc
• Sun Pharmaceuticals Ltd.
• Takeda Pharmaceutical Company Limited
• Pfizer Inc.
• Procter & Gamble

Key Industry Developments

In March 2023, Wonderbelly, a digestive medicine company, launched three antacid flavors, one of which, Fruity Cereal, at select Target stores, being exclusive to the retailer.

In June 2022, Zydus Lifesciences received final approval from the United States Food and Drug Administration (FDA) to market Famotidine tablets in 20 and 40 mg. Famotidine is a histamine H2 receptor blocker. It works by reducing the amount of acid in the stomach.

Report Coverage

The report will cover the qualitative and quantitative data on the global Antacids Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.

Report Scope and Segmentations

Regional Analysis

North America accounted for the highest xx% market share in terms of revenue in the Antacids market and is expected to expand at a CAGR of xx% during the forecast period. This growth can be attributed to the growing adoption of Antacids. The market in APAC is expected to witness significant growth and is expected to register a CAGR of xx% over upcoming years, because of the presence of key Antacids companies in economies such as Japan and China.

The objective of the report is to present comprehensive analysis of Global Antacids Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

Antacids Market Report is also available for below Regions and Country Please Ask for that

North America

• U.S
• Canada

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Points Covered in the Report

• The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Questions

• How much the global Antacids Market valued?
• Which region has the largest share in 2021 for the global Antacids Market?
• What are the driving factors for the market?
• Which is the leading segment in the global market?
• What are the major players in the market?

Research Scope of Antacids Market

• Historic year: 2019-2022
• Base year: 2023
• Forecast: 2024 to 2032
• Representation of Market revenue in USD Million

Antacids Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends: